European Stocks Erase Gains as US Data Thwarts Rate-Cut Bets

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European stocks lost momentum after US business activity accelerated amid a pickup in inflation that will likely keep Federal Reserve rate cuts at bay.

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mortgage rates fall below 7% for first time since early AprilRiksbank Deputy Bunge Calls for Reforms After ‘Narrow Escape’German Office Market Slump Deepens With Deals at 15-Year LowCiti Considers Reducing Office Space in Singapore TowerGoldman Alone to Call First Rate Cut by Egypt After DevaluationA New Theme Park in Tokyo Lets You Be the Star of the ShowChinese Defaults Flag Limits to $5 Billion of Bond GuaranteesHedge Fund Caledonia Grapples With 26% Slide in Huge Zillow BetNovo Nordisk Hit...

 

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